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Elon Musk predicted that cash’s function in on a regular basis life will ultimately turn into out of date and advised that power and Bitcoin might change it as crucial measures of wealth and energy.
Throughout a latest podcast interview with Indian entrepreneur and investor Nikhil Kamath, Musk mentioned he believes that ultimately, “cash disappears as an idea.”
JUST IN: Elon Musk says Bitcoin is a real foreign money based mostly on power.
“You’ll be able to’t legislate power.” pic.twitter.com/jabklmsYL4
— Watcher.Guru (@WatcherGuru) November 30, 2025
Cash Will Be Out of date In A Future The place Anybody Can Have Something, Says Musk
Musk mentioned {that a} future the place cash is not an essential a part of day by day life is a “unusual” thought to wrap one’s head round. However he argued that in a future the place “anybody can have something,” folks will not want cash as a database of labor allocation.”
He linked his imaginative and prescient to the speedy development in synthetic intelligence (AI) know-how and robotics.
“If AI and robotics are sufficiently big to fulfill all human wants then, then cash is not… its relevance declines dramatically,” he mentioned.
Influencing Musk’s imaginative and prescient of a future the place cash shouldn’t be vital is the Tradition collection books by Scottish creator Iain Banks, which the billionaire beneficial folks learn.
Sooner or later seen in these books, the characters don’t have cash, “and everybody can just about have no matter they need,” Musk mentioned.
Power Will Be The New Cash
Whereas cash may not matter as a lot sooner or later, there will probably be some types of worth that can retain their significance. These “basic currencies” will probably be “physics-based,” Musk mentioned.
He linked that to power, which the billionaire argued is “the true foreign money,” whereas stating that Bitcoin is “based mostly on power,” giving it a significant benefit over conventional fiat currencies that governments can print at will.
True.
That’s the reason Bitcoin is predicated on power: you’ll be able to subject faux fiat foreign money, and each authorities in historical past has accomplished so, however it’s inconceivable to faux power.
— Elon Musk (@elonmusk) October 14, 2025
Bitcoin’s power nature stems from how the Bitcoin community achieves consensus with out the necessity for centralized intermediaries. Specialised {hardware}, known as miners, continuously monitor the community and course of transactions that happen on the Bitcoin blockchain. This course of is power intensive.
For his or her work in validating transactions, miners are rewarded with new BTC and a portion of the charges collected by the community for a given time.
“You’ll be able to’t legislate power,” he mentioned. “You’ll be able to’t simply, you realize, cross a regulation and all of a sudden have plenty of power.” He then identified that it’s tough to generate power, particularly with regards to harnessing it “in a helpful approach.”
“We in all probability will simply have power, energy technology because the de facto foreign money,” he mentioned.
If that’s the case, whoever controls essentially the most environment friendly power and has essentially the most ample power sources will successfully management the strongest “foreign money,” he added.
Bitcoin Value Tumbles
Following Musk’s feedback, the Bitcoin worth has declined by greater than 4% up to now 24 hours, in accordance with CoinMarketCap, amid a broader crypto market pullback attributed by some analysts to skinny liquidity.
BTC worth (Supply: CoinMarketCap)
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